Vitesse Media's full-year operating loss to be reduced

Vitesse Media said on Thursday its full-year results are expected to see a "significant improvement" from previous years.Revenues rose 7% to £2.26m, while its operating loss is expected to be reduced to close to breakeven.However, the media company warned it remains hampered by its size and the limited opportunities it can exploit at any one time.Its events division performed well, while the media division faced changes in the way people are reading news.The group noted: "Results across this sector of the business have proved mixed but changes have been made recently and these will enable this division to develop more dynamically."Vitesse's full-year results will be published in July.Shares were up 4.76% to 2.75p on Thursday at 12:47.